The Labor Statesman
data provider: CONTENTdm
alternative: [The Labour Statesman]
is referenced by: https://resolve.library.ubc.ca/cgi-bin/catsearch
is part of: BC Historical Newspapers
issued: 2024-01-26
issued: 1927-12-30
aggregated CHO: https://open.library.ubc.ca/collections/labours/items/1.0438993/source.json
format: application/pdf
note: OWNED of States AND CgjTgOLLED ^^^^T BY TliE VANCOUVER TRADES _ Supported by Fifty-eight Local Unions Trades Council Working Buttton (Blue) for this Last Quarter\ of 1927 EIGHT PAGES—No. 190 VANCOUVER, B. C, FRIDAY, DECEMBER 30, 1927 FIVE CENTS PER COPY Stock Speculation Runs Rife Among Canadians Warnings Issued by Those Who Really Know Fail to Stop the Stampede for "Easy Money"—Bucket Shops Closed But Orgy Continues MANY PEOPLE IN CANADA have b&come imbued with the "get-rich-t|iiick" idea and are speculating heavily in mining stocks. So great is the demand for this kind of stock that brokerage firms are hantling out their shingles all over the Doininion, says, H. A. P. Hayden in "Labor.-" Men in authority have become alarmed and warnings are constantly being issued. Noah PI. Timmins, president of the Hollinger Consolidated Gold Mine, the greatest gold producer Jn^anada, says the speculators are "crazy." ' Due for a Sad Awakening "Many people," he said, a few . days ago, "are going to have a sad awakening pretty soon and they will be the very people who can least afford it. That's the most tragic part of the business. "You will find the same situation in Toronto, in Timnskfta, or in any ' of the stock offices of the northern mining towns. The people are lined * up in front of the brokerage offices as if they were waiting to get into a i hockey match or a movie. They are literally falling over each other to ►get in to play thc market." . Colonel -W. H. Price, attorney-general of Ontario, has urged thc buying public to watch its step, as a number of "high-pressure salesmen" are operating in the province. He , has closed a_ number of "bucket shops" and the operators are await- , ing trial on a charge of conspiracy to defraud the public. Sound* Warning to People In British Columbia Hon. William . Sloan, minister of mines, has caused advertisements to be published in the .press in which he objects to statements of the Associated Mining and Milling Co., which is operating…
note: Title changes in chronological order: The Labor Statesman (1924-04-25 to 1965-03), The Labour Statesman (1965-05 to 1969-09). From 1924-04-25 to 1965-03 The Labour Statesman was owned and published by the Vancouver and District Labour Council. From 1965-05 to 1967-07 it was published jointly by the B.C. Federation of Labour and the Vancouver and District Labour Council. From 1967-08 to 1969-09 it was published by the B.C. Federation of Labour.
has type: Newspapers
spatial: Vancouver (B.C.)
is shown at: 10.14288/1.0438993
language: English
lat: 49.246292
long: -123.116226
provider: Vancouver : University of British Columbia Library
publisher: Vancouver, B.C. : Vancouver and District Labour Council
rights: Images provided for research and reference use only. Permission to publish, copy, or otherwise use these images must be obtained from the Digitization Centre: http://digitize.library.ubc.ca/
source: Original Format : UBC Library
type: Text